Alpha Exploration Reports Aburna Gold Latest Drill & Channel Sampling Results
Alpha Exploration Reports Aburna Gold Latest
Drill & Channel Sampling Results
13M @ 4.24 G/T AU
11M @ 3.99 G/T AU
6M @ 4.97 G/T AU
Calgary, Alberta--(Newsfile Corp. - May 24, 2023) -
Alpha Exploration Ltd.
(TSXV: ALEX)
("Alpha"
or the
"Company")
is pleased to announce results from recent drilling in 2023 at its Aburna Gold
Prospect, which consisted of ten (10) Reverse Circulation (RC) drill holes totalling 1,188m, from the
Northeast Target Area. We have also received assay results from a single RC hole (ABR068 to 100m)
in the Dasharna Target Area but, this had no significant results. We are also announcing assay results
from 10 channels sampled at Aburna in 2023. Aburna is located in the southwest part of Alpha's large
(771 km²), 100% owned, Kerkasha Project. Drilling is ongoing and further information will be released
when available and interpreted.
TABLE 1: NORTHEAST TARGET AREA DRILL HOLE HIGHLIGHTS - MAY 2023
TARGET AREA
HOLE
FROM (M)
TO (M)
INTERVAL (M)
AVERAGE G/T GOLD
Northeast Area
ABR044
120
133
13
4.24
Northeast Area
ABR043
67
78
11
3.99
Northeast Area
ABR069
90
96
6
4.97
Northeast Area
ABR041
45
57
12
1.24
Northeast Area
ABR040
104
114
10
1.37
Northeast Area
ABR042
100
108
8
1.50
Northeast Area
ABR043
55
64
9
0.92
Northeast Area
ABR041
25
36
11
0.51
Northeast Area
ABR042
118
119
1
4.34
Northeast Area
ABR040
117
118
1
3.96
Northeast Area
ABR042
111
112
1
3.58
Note:
At this early stage of exploration, the true width of the mineralisation is uncertain, but it is estimated to be 80% of reported intervals. Intervals
were calculated with a start and finish value of no less than 0.2 g/t gold, a minimum width of 2m and maximum internal dilution of 2m at
>0.2g/t gold.
Michael Hopley, Alpha President & CEO said, "The significant drill results returned from the
Northeast Target Area (see Table 1 and Figure 1) within the Aburna Prospect have extended
the mineralisation in drilling along strike from 90m to 185m. The mineralisation remains open
along strike in both directions and down dip. The Northeast Area is ¬1.3kms north-northeast of
the Central Area, where Alpha has also retuned significant drill results (see press release on 22
May 2023). Alpha will need to drill test the area between Central and Northeast to see if they
merge. Significant potential also exists northeast of the current drilling at the Northeast Target
Area, as demonstrated by the 2.5km long soil anomalies in this area (see Figures 3 & 4).
Further drilling is warranted in the Northeast Target Area."
FIGURE 1: NORTHEAST TARGET AREA DRILL HOLE PLAN WITH SECTION 3880 & ASSAYS
PROJECTED TO SURFACE
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8361/167273_a2a1a4c9f467693d_001full.jpg
TABLE 2: NORTHEAST DRILL HOLE INFORMATION - MAY 2023
Target Area
Hole
Depth (m)
Comment
Northeast Area
ABR040
150
Northeast Area
ABR041
108
Northeast Area
ABR042
144
Northeast Area
ABR043
90
Northeast Area
ABR044
150
Northeast Area
ABR045
84
Northeast Area
ABR046
108
Northeast Area
ABR047
90
Northeast Area
ABR048
114
Northeast Area
ABR069
150
Total
1,188
FIGURE 2: SECTION 3880 - NORTHEAST TARGET AREA
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8361/167273_a2a1a4c9f467693d_002full.jpg
TABLE 3: CHANNEL SAMPLING HIGHLIGHTS - MAY 2023
TARGET AREA
CHANNEL
FROM (M)
TO (M)
INTERVAL (M)
AVERAGE G/T GOLD
Saddle Workings
ABCHAN077
5
11
6
5.26
Saddle Workings
ABCHAN077
33
34
1
1.01
Saddle Workings
ABCHAN078
0
7
7
0.24
Dasharna
ABCHAN068
50
51
1
2.02
Dasharna
ABCHAN075
36
41
5
0.29
Aburna South
ABCHAN079
0
5
5
0.28
Michael Hopley, Alpha President & CEO said, "The significant result returned from channel
sampling in the Saddle Workings Target Area (6m @ 5.26 g/t gold) warrants follow up drilling.
The Alpha process of soil sampling followed up with traverses of trench and channel sampling
(1m intervals) is proving to be an effective method to locate drill holes that can intersect
significant mineralisation."
FIGURE 3: CHANNEL & TRENCH SAMPLING TO DATE AT ABURNA WITH LATEST
CHANNELS IN PURPLE
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8361/167273_a2a1a4c9f467693d_003full.jpg
The gold anomalies from soil, channel and trench sampling that define the Northeast and Dasharna
Target Areas cover a strike length of approximately 2.5kms. This 2.5km anomalous area is part of a
much larger 7.2km long gold anomalous zone from soil, channel and trench sampling that has seven
Target Areas in total (Aburna Colonial Gold Mine, Saddle Workings, Celebration Hill, Hill 52, Central,
Northeast and Dasharna) that define the Aburna Prospect as a whole (see Figures 3 & 4).
FIGURE 4: SOIL GEOCHEMISTRY FOR GOLD WITH THE SEVEN CURRENT TARGET AREAS
AT ABURNA
To view an enhanced version of this graphic, please visit:
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Michael Hopley, Alpha President & CEO said, "The Aburna Prospect is continuing to
demonstrate it has the potential to return a multi-million ounce gold deposit. The Hill 52,
Central, Northeast and Celebration Hill Target Areas drill tested to date (see Fig 5) , have all
returned widths and grades (see Table 4) that could conform to an economic deposit."
To date, Alpha has completed a total of 5 Diamond drill holes for 881.1m and 76 Reverse Circulation
drill holes for a total of 9,209m at Aburna.
TABLE 4: DRILL HOLE HIGHLIGHTS FROM 4 TARGET AREAS DRILLED TO DATE
Target Area
Year Drilled
Hole
From (m)
To (m)
Interval (m)
Average g/t Gold
Northeast Area
Drilled in 2022
ABR037
14
30
16
14.07
Northeast Area
Drilled in 2023
ABR044
120
133
13
4.24
Northeast Area
Drilled in 2023
ABR043
67
78
11
3.99
Northeast Area
Drilled in 2023
ABR041
45
57
12
1.24
Northeast Area
Drilled in 2023
ABR040
104
114
10
1.37
Northeast Area
Drilled in 2023
ABR042
100
108
8
1.50
Hill-52 Area
Drilled in 2022
ABD001
89
112
23
6.74
Hill-52 Area
Drilled in 2023
ABR018
50
69
19
5.19
Hill-52 Area
Drilled in 2022
ABR005
6
21
15
5.85
Hill-52 Area
Drilled in 2022
ABD001
64
72
8
4.65
Hill-52 Area
Drilled in 2023
ABR039
87
92
5
6.31
Hill-52 Area
Drilled in 2022
ABD002
105
109
4
7.86
Hill-52 Area
Drilled in 2023
ABR056
55
67
12
2.12
Hill-52 Area
Drilled in 2022
ABD002
56
77
21
1.08
Hill-52 Area
Drilled in 2023
ABR059
34
55
21
1.04
Hill-52 Area
Drilled in 2022
ABR021
33
50
17
1.21
Hill-52 Area
Drilled in 2022
ABR002
0
7
7
2.69
Hill-52 Area
Drilled in 2022
ABD001
44
60
16
0.99
Hill-52 Area
Drilled in 2022
ABR001
32
46
14
1.01
Hill-52 Area
Drilled in 2023
ABR059
0
23
23
0.58
Hill-52 Area
Drilled in 2022
ABD002
80
81
1
12.85
Hill-52 Area
Drilled in 2022
ABR023
71
80
9
1.38
Hill-52 Area
Drilled in 2022
ABR024
1
8
7
1.72
Hill-52 Area
Drilled in 2023
ABR058
84
96
12
0.92
Central Area
Drilled in 2023
ABR064
38
72
34
1.50
Central Area
Drilled in 2023
ABR031
130
148
18
2.27
Central Area
Drilled in 2023
ABR034
101
131
30
1.23
Central Area
Drilled in 2025
ABR069
90
96
6
4.97
Central Area
Drilled in 2023
ABR034
148
156
8
3.67
Central Area
Drilled in 2023
ABR032
118
147
29
0.98
Central Area
Drilled in 2023
ABR060
42
87
45
0.60
Central Area
Drilled in 2022
ABR031
69
104
35
0.69
Central Area
Drilled in 2022
ABR015
17
24
7
3.40
Central Area
Drilled in 2022
ABR032
33
38
5
3.80
Central Area
Drilled in 2023
ABR061
69
92
23
0.70
Central Area
Drilled in 2022
ABR032
53
59
6
2.21
Central Area
Drilled in 2022
ABR015
95
114
19
0.64
Central Area
Drilled in 2023
ABR063
39
58
19
0.60
Celebration-Hill
Area
Drilled in 2022
ABR008
49
63
14
3.79
Celebration-Hill
Area
Drilled in 2022
ABR027
126
152
26
1.36
Note:
At this early stage of exploration, the true width of the mineralisation is uncertain, but it is estimated to be 80% of reported intervals. Intervals
were calculated with a start and finish value of no less than 0.2 g/t gold, a minimum width of 2m and maximum internal dilution of 2m at
>0.2g/t gold.
FIGURE 5: ALL DRILL HOLE LOCATIONS TO DATE AT ABURNA WITH TARGET AREAS ON
GEOLOGY
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8361/167273_a2a1a4c9f467693d_005full.jpg
Aburna Gold Prospect
The Aburna gold prospect is located on the western side of the Company's Kerkasha Exploration
License. Gold was mined at Aburna in the 1920s by Italian Colonial Miners and more recently by local
Artisanal Miners. Soil and rock-chip sampling by Alpha identified gold mineralisation over a large area
(¬7.2 km x 2.2 km) northeast of the Colonial Mine. Gold mineralisation at Aburna is orogenic type
associated with a major (¬2km wide) SW-NE oriented shear zone. Work by Alpha has included regional
rock chip sampling, 100m x 100m soil sampling, lithological and structural mapping, with 1m traverse-
channel-trench sampling. Results from all the above work identified seven prospective sub-areas that
warranted drill testing namely: Aburna Mine, Saddle Workings, Celebration Hill, Hill 52, Central,
Northeast and Dasharna. Drilling has returned significant intercepts for gold from the Hill 52, Northeast,
Celebration Hill and Central Areas. No significant results were returned from 2 drill holes at Saddle
Workings and 1 drill hole at Dasharna. The Aburna Colonial Mine is yet to be drill tested. Petrographic
studies are underway along with a ground magnetic survey. An induced polarisation survey is due to
commence in late May 2023 and preliminary metallurgical test work is expected to commence on drill
samples in Q3 2023.
Sampling, Sub-sampling and Analysis
Geological consultants from RSC were responsible for the design of a strict QA/QC program consistent
with industry best practice. Drilling of the reported intervals was by both reverse-circulation (RC) and
diamond drilling. RC samples were split at the rig using a Metzke splitter, before being transported to a
secure location for logging. Diamond drill core was cut in half longitudinally at site using a diamond saw
and half of the core (in 1-meter intervals) was transported to a secure location for logging.
All samples were submitted to Nabro Laboratories Limited (Nabro), Asmara, Eritrea, for sample
preparation. Samples were crushed (to 90% passing 2.8 mm) and pulverised (to 85% passing 75 µm).
Two scoop samples were taken from the pulveriser bowl: approximately 120 g for laboratory analysis
and approximately 100 g for portable X-ray fluorescence (pXRF) analysis. The coarse and pulp rejects
were stored at a warehouse in Asmara. The Company inserted certified reference material from OREAS
(
www.ore.com.au
) into the sample stream, while Nabro inserted barren granodiorite material into the
sample stream as a blank. Drill samples were shipped to ALS Geochemistry (ALS), Loughrea, Ireland,
for analysis. ALS analysed all drill samples for gold by method Au-AA26 (50 g charge fire assay, AAS
finish). ALS is independent of the Company and its quality management systems framework is
accredited to ISO/IEC 17025:2005or certified to ISO 9001:2015standards.
About Alpha
Alpha is an exploration company listed on the TSX-V exchange under the symbol ALEX that has made
three important discoveries in two years at it's Kerkasha Project in Eritrea:
Aburna orogenic gold
Anagulu porphyry gold-copper
Tolegimja volcanogenic-massive-sulphide (VMS)
The company is managed by a group of highly experienced and successful professionals with many
years of experience carrying out exploration and resource development programs in Eritrea and Sudan
and is focused on the discovery of world class economic gold and base metals deposits in the highly
prospective Arabian-Nubian shield, on either side of the Red Sea. Alpha currently holds a 100% interest
in the large (771 km
2
) Kerkasha Exploration License in southwest Eritrea, located 135 km west-
southwest of the capital city of Asmara. Since acquiring the property in January 2018, the company has
spent ~CAD$16 million on exploration and identified 20 prospects of which six have been drilled to date.
For further information go to the Alpha webpage at
www.alpha-exploration.com
or contact:
Michael Hopley
President and Chief Executive Officer
Alpha Exploration Ltd.
Email:
Tel: +44 207129 1148
Qualified Person
All scientific and technical information in this press release, including the results of the Aburna drill
program and how these results relate to the ongoing exploration at the Kerkasha Project has been
reviewed, verified, and approved by Michael Hopley, President, Chief Executive Officer of Alpha and a
"qualified person" for the purposes of national Instrument 43-101 -
Standards of Disclosure for Mineral
Projects.
Cautionary Notes
This press release is intended for distribution in Canada only and is not intended for distribution to
United States newswire services or dissemination in the United States.
Forward-Looking Statements
Certain statements and information herein, including all statements that are not historical facts,
contain forward-looking statements and forward-looking information within the meaning of applicable
securities laws. Such forward-looking statements or information include but are not limited to
statements or information with respect to future dataset interpretations, sampling, plans for its projects
(including the Anagulu prospect), surveys related to Alpha's assets, and the Company's drilling
program. Often, but not always, forward-looking statements or information can be identified by the use